Mutual of America Interest Accumulation Account

The Interest Accumulation Account of our General Account can be an attractive retirement savings alternative, with a guarantee of principal and previously credited interest to protect against market risk.

The guarantee is based on Mutual of America Life Insurance Company's financial strength and claims-paying ability. Mutual of America Life Insurance Company assumes the investment risk of the underlying investments of the Interest Accumulation Account.

The current effective annual yield for interest credited to the Interest Accumulation Account under our 401(k), 403(b) and 401(a) group annuity contracts are:

  • 0.50% for plans with $25 million or more in total plan assets
  • 0.25% for plans with less than $25 million in total plan assets

The minimum guaranteed interest rate for the 401(k), 403(b) and 401(a) group annuity contracts is 0.15%.*

The current effective annual yield for interest credited to the Interest Accumulation Account under our Tax-Deferred Annuity, Governmental 457, SIMPLE IRA and SIMPLE 401(k) is 1.00%.*

The minimum guaranteed interest rate for the Tax-Deferred Annuity, Governmental 457, SIMPLE IRA and SIMPLE 401(k) group annuity contracts is 1.00%.*

You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 800.468.3785 or visiting mutualofamerica.com. Read them carefully before investing.

Mutual of America's group and individual retirement products that are variable annuity contracts are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.

*We guarantee that we will credit interest for the life of the contract to amounts in the Interest Accumulation Account of our General Account at a rate at least equal to the greater of (1) any contractual minimum guarantee provided by the contract or (2) the minimum rate required by applicable state law or, if no state law minimum rate is applicable to a contract, the guaranteed minimum credited interest rate will be set pursuant to National Association of Insurance Commissioners (NAIC) standard nonforfeiture law. The NAIC minimum rate is determined in accordance with a formula, and cannot be less than 0.15% or more than 3.00% in any event. We determine whether the application of the formula will change the minimum guaranteed rate each November, and any change is effective the following January 1 for that calendar year. The minimum rate for 2022 has been set at 0.15% in accordance with this formula. In addition, Mutual of America may credit interest to your contract amounts in the Interest Accumulation Account at a higher rate that we declare from time to time and which may increase or decrease at our sole discretion, although we are not obligated to credit interest in excess of the minimum guaranteed rate. If you have an existing contract, you should refer to it before making a decision because it may have a guaranteed minimum rate in excess of the formula described above and the advertised declared rate. We compound interest daily on your contract amounts in the Interest Accumulation Account to produce an effective annual yield that is equal to the stated interest rate.